Stephen Green: Money, Morality and the Marketplace

The Asia Society

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HSBC's Stephen Green on Cleaning Up Globalization

04 min 33 sec

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Market Fundamentalism: Whose Job Is It to Fix Capitalism?

03 min 32 sec

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01 hr 12 min 21 sec

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1 Comments

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TreeLuvBurdpu

Posts: 43

Posted: 05.12.10, 10:20 AM

I think he misses the point of free markets when he says, "You can not run such a complex system without government involvement." Well the same thing used to be said about governments themselves.

"A complex system such as government can not be run by the populace, but must be handled by a royal class ordained by god", was the sense of it. It wasn't until pirate communities in the Americas popped up that John Locke and others suspected that a government could be formed by a free people, for their own benefit and by their own agreement.

What if the markets were not a machine that needs to be "run"? What if they were garden's? What if they were webs of individuals expressing and seeking their intensely personal values? Then what affect would the governments bulldozer commandment's have on the economy?

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